Author: FX
Plastec Technologies declares $0.35 dividend Source link
Bloomberg reports that new chip curbs on China might be less strict. The rules are set to be released next week by the outgoing Biden administration. Equipment makers like Lam Research and Applied Materials are said to be less affected. NVDA stock rose more than 2% on Friday after falling most of the week. Following a dismal week of trading for Nvidia (NVDA), shares of the leading designer of chips used in artificial intelligence (AI) computing rose more than 2%. The basis for the market’s renewed interest is a Bloomberg article showing that government curbs on advanced chip sales…
By Nicole Jao NEW YORK (Reuters) -Oil prices edged lower on Friday and posted a weekly decline of more than 3%, pressured by easing concern over supply risks from the Israel-Hezbollah conflict and the prospect of increased supply in 2025 even as OPEC+ is expected to extend output cuts. fell 34 cents, or 0.46%, to settle at $72.94 a barrel. U.S. West Texas Intermediate crude futures fell 72 cents, or 1.05%, to settle at $68, from the last close before Thursday’s Thanksgiving holiday. Trading activity was muted because of the U.S. public holiday. For the week, Brent declined 3.1% while…
US Dollar Index falls near 106.00 on a quiet Friday. DXY stands soft as US markets open on Black Friday after remaining closed on Thursday. The hawkish Fed and strong economic outlook from the US might limit the downside. The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, trades near 106.10 with mild losses but trimmed most of its daily losses, which saw the index below 106.00. Overall, the US Dollar maintains a bullish outlook, supported by strong economic data and a hawkish Federal Reserve (Fed) stance. Despite profit-taking and geopolitical uncertainty,…
The hours of November trading are ticking down but jingle bells are ringing in the distance. That means that December trading is on the way and it’s the most wonderful time of the year for bulls.Risk assets tend to do well in December but for stocks, the period late in the month (after Christmas) tends to be strongest. That’s particularly true in poor years as tax-loss selling hits in the first 20 days of the month. That’s certainly not the case in 2024 as it’s been a banner year for equities.Since 1950, December has been the strongest month for the…
Canada GDP q/qThe headline from today’s Canadian GDP report is that growth declined on a per-capita basis for the sixth consecutive quarter. In addition, monthly GDP data showed just 0.1% m/m growth in September and October.CIBC writes:”While growth in the Canadian economy slowed to a crawl in Q3, that was broadly anticipated and was mainly driven by inventories and net trade. Domestic demand growth was much more solid and similar to the prior quarter. More concerning for the Bank of Canada will be the monthly data that showed the quarter ending with a whimper rather than the expected bang, leaving…
The largest 250 trading firms are set to make a total of $32 billion from trading of Group-of-10 rates and $16.7 billion from currencies, according to data collected by Coalition Greenwich and reported by Bloomberg. Those are declines of 17% and 9% compared to last year, respectively and the lowest since 2021.I’m surprised by the decline given the volatility in fixed income and the yen. This article was written by Adam Button at www.forexlive.com. Source link
Closing changes in Europe:Stoxx 600 +0.6%German DAX +1.0%France CAC +0.7%UK FTSE 100 flatSpain IBEX +0.3%Italy’s FTSE MIB +0.4%On the week:Stoxx 600 +0.4%German DAX +1.6%France CAC -0.2%UK FTSE 100 +0.3%Spain IBEX flatItaly’s FTSE MIB -0.25%It was a poor start to the week in Europe but turned around nicely on Thursday and Friday. This article was written by Adam Button at www.forexlive.com. Source link
EUR/CAD rose by 0.26% on Friday. A break and close below 1.4800 could signal further bearish momentum in the short term. The EUR/CAD pair saw a slight uptick in Friday’s session, climbing by 0.26% to reach 1.4825. However, despite this modest gain, the pair remains below its 20-day Simple Moving Average (SMA), having recently completed a bearish crossover between the 20 and 200-day SMAs. While buyers attempt to reclaim the 20-day SMA, indicators suggest a struggle, with the Relative Strength Index (RSI) recovering buying pressure and the Moving Average Convergence Divergence (MACD) indicating rising buying pressure and overall bullish momentum.…
Acceleware (TSXV:AXE:CA) announced the pending departure of finance chief, Tracy Grierson to pursue other career opportunities Grierson will assist the Company to a successful transition of her duties prior to her departure, slated for mid-December. If the company is unable to find a replacement for Grierson prior to her departure, then Acceleware’s chief operating officer, Mike Tourigny, will assume the CFO’s duties on an interim basis until a new CFO is hired. Source: Press Release Source link